Discuss the role and responsibility of the marine insurer

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Reference no: EM133556239

Case Study: You are an underwriter for a marine insurer and you had been approached by the insurance broker to advise the unforeseen losses and casualties and the risk associated before engaging them as a client/company A regularly exports various Food Products within Pacific Region. This food product is packed in a warehouse, loaded, and transported from the seaport via the port of Kinds What, through the Pacific Ocean, to the port Vila in Vanuatu and port Apia in Samoa on regular intervals throughout the year. The exporter has engaged a customs broker and freight forwarding as the Com Lid to facilitate the cargo clearance with Customs and other regulatory authorities in Fiji Use the information to answer the following questions :

Questions:

A. Discuss the role and responsibility of the marine insurer underwriter.

B. Identify and explain with example the five significant potential risk factors, associated with the transportation of these commodities.

C. Identify four important documents that the exporter would have to produce to the insurer in support of its claim.

Reference no: EM133556239

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